Mboxusdt trading opportunity

29 พ.ย. 2024

MBOX is currently forming a descending broadening wedge, a pattern typically associated with the conclusion of a downtrend. The strategic plan involves accumulating the coin near the defined buyback area, as there are indications that the bottom may already be in place.

This setup anticipates a breakout from the wedge, targeting the larger projection of the pattern, which aligns with a potential price move toward $4 as shown on the chart.

However, caution is essential. A descending broadening wedge can take longer to confirm its breakout, and any unforeseen increase in selling pressure could delay or invalidate the bullish scenario.